 |
|
CREATIVE TECHNOLOGY LTD.
CONSOLIDATED BALANCE SHEETS
(In US$'000)
|
|
|
|
(Unaudited) |
|
|
|
|
|
September 30, |
|
June 30, |
|
|
|
2005 |
|
2005 |
| ASSETS |
|
|
|
|
|
 |
|
|
|
|
|
| Current Assets: |
|
|
|
|
|
| Cash and cash equivalents |
|
$ |
171,784 |
$ |
187,246 |
| Accounts receivable, net |
|
|
169,386 |
|
163,184 |
| Inventory |
|
|
365,506 |
|
395,886 |
| Other assets and prepaids |
|
|
47,320 |
|
43,144 |
|
|
|
|
|
|
| Total current assets |
|
|
753,996 |
|
789,460 |
|
|
|
|
|
|
| Property and equipment, net |
|
|
117,973 |
|
117,187 |
| Investments |
|
|
112,028 |
|
125,914 |
| Other non-current assets |
|
|
46,666 |
|
44,913 |
|
|
|
|
|
|
| Total Assets |
|
$ |
1,030,663 |
$ |
1,077,474 |
|
|
|
|
|
|
| LIABILITIES AND SHAREHOLDERS' EQUITY |
|
|
|
|
|
|
|
|
|
|
|
| Current Liabilities: |
|
|
|
|
|
| Accounts payable |
|
$ |
126,742 |
$ |
151,070 |
|
Accrued liabilities |
|
|
103,605 |
|
103,768 |
| Income taxes payable |
|
|
18,791 |
|
20,712 |
|
Current portion of long term obligations and others |
|
|
6,800 |
|
7,383 |
|
|
|
|
|
|
| Total current liabilities |
|
|
255,938 |
|
282,933 |
|
|
|
|
|
|
| Long term obligations |
|
|
207,771 |
|
209,455 |
| Minority interest in subsidiaries |
|
|
3,675 |
|
3,954 |
| Shareholders' equity |
|
|
563,279 |
|
581,132 |
|
|
|
|
|
|
| Total Liabilities and Shareholders' Equity |
|
$ |
1,030,663 |
$ |
1,077,474 |
|
CREATIVE TECHNOLOGY LTD.
CONSOLIDATED STATEMENTS OF OPERATIONS
(In US$'000, except per share data)
(Unaudited)
|
|
|
|
Three months ended |
|
|
|
September 30, |
|
|
|
2005 |
|
2004 |
|
|
|
|
|
|
| Sales, net |
|
$ |
280,173 |
$ |
210,020 |
|
|
|
|
|
|
| Cost of goods sold |
|
|
223,607 |
|
144,817 |
|
|
|
|
|
|
| Gross profit |
|
|
56,566 |
|
65,203 |
|
|
|
|
|
|
| Operating expenses: |
|
|
|
|
|
|
|
|
|
|
|
| Selling, general and administrative |
|
|
45,265 |
|
40,068 |
|
|
|
|
|
|
| Research and development |
|
|
19,927 |
|
19,718 |
|
|
|
|
|
|
| Total operating expenses |
|
|
65,192 |
|
59,786 |
|
|
|
|
|
|
|
| Operating (loss) income |
|
|
(8,626) |
|
5,417 |
|
|
|
|
|
|
| Gain (loss) from investments, net |
|
|
10,028 |
|
(1,204) |
|
|
|
|
|
|
| Interest income |
|
|
995 |
|
710 |
|
|
|
|
|
|
| Interest expense |
|
|
(2,017) |
|
(151) |
|
|
|
|
|
|
| Others |
|
|
152 |
|
709 |
|
|
|
|
|
|
| Income before income taxes and minority interest |
|
|
532 |
|
5,481 |
|
|
|
|
|
|
| Provision for income taxes |
|
|
(138) |
|
(535) |
|
|
|
|
|
|
| Minority interest in loss (income) |
|
|
297 |
|
(170) |
|
|
|
|
|
|
| Net income |
|
$ |
691 |
$ |
4,776 |
|
|
|
|
|
|
| Basic earnings per share: |
|
$ |
0.01 |
$ |
0.06 |
|
|
|
|
|
|
| Weighted average ordinary shares outstanding ('000) |
|
|
83,556 |
|
81,443 |
|
|
|
|
|
|
| Diluted earnings per share: |
|
$ |
0.01 |
$ |
0.06 |
|
|
|
|
|
|
Weighted average ordinary shares
and equivalents outstanding ('000) |
|
|
84,690 |
|
84,237 |
|
|
|
|
|
|
|
CREATIVE TECHNOLOGY LTD.
SUPPLEMENTAL FINANCIAL INFORMATION
|
|
Three months ended |
|
Sept 30,
2005 |
June 30,
2005 |
Sept 30,
2004 |
Revenue by geographical region : |
|
| Americas |
41% |
41% |
46% |
| Europe |
39% |
39% |
34% |
| Asia and rest of the world |
20% |
20% |
20% |
|
Revenue by product category : |
|
| Personal Digital Entertainment |
66% |
68% |
44% |
| Audio |
13% |
11% |
21% |
| Speakers |
13% |
13% |
20% |
| Others |
8% |
8% |
15% | |
|